Mexico is the 9th largest export economy in the world. In 2016, Mexico exported $394B and imported $369B, resulting in a positive trade balance of $24.6B. In 2016 the GDP of Mexico was $1.05T and its GDP per capita was $17.3k.

Exports

In 2016 Mexico exported $394B, making it the 9th largest exporter in the world. During the last five years the exports of Mexico have increased at an annualized rate of 1.6%, from $356B in 2011 to $394B in 2016. The most recent exports are led by Cars which represent 8.63% of the total exports of Mexico, followed by Vehicle Parts, which account for 7.02%.

Imports

In 2016 Mexico imported $369B, making it the 13th largest importer in the world. During the last five years the imports of Mexico have increased at an annualized rate of 1.8%, from $326B in 2011 to $369B in 2016. The most recent imports are led by Vehicle Parts which represent 6.17% of the total imports of Mexico, followed by Refined Petroleum, which account for 4.58%.

Origins

Economic Complexity of Mexico

Product Space

The product space is a network connecting products that are likely to be co-exported and can be used to predict the evolution of a country’s export structure.

Mexico exports 195 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market).